Mr. Kevin Bullock reports

SIGNAL GOLD CONTINUES TO DEMONSTRATE PERMITTING PROGRESS AT THE GOLDBORO PROJECT

Signal Gold Inc. has been notified that the documentation required for the Schedule 2 amendment of the metal and diamond mining effluent regulations (MDMER) for the Goldboro project in Nova Scotia, namely the assessment of alternatives (AA) report and the fish habitat compensation plan (FHCP), have been reviewed and have been recommended for indigenous and public consultations by both Environment and Climate Change Canada (ECCC) and the Department of Fisheries and Oceans (DFO).

This follows on the previous update by the company, with respect to the advancement of permitting activities, whereby it achieved several key milestones to advance the Goldboro project, including the submission of the mineral lease application, the industrial approval application and the Fisheries Act authorization.

The Goldboro project previously received its environmental assessment approval from the Nova Scotia Minister of Environment and Climate Change on Aug. 3, 2022.

"We are pleased that ECCC and DFO have reviewed and recommended the Goldboro project Schedule 2 amendment submissions for indigenous and public Consultations. Signal Gold continues to progress the Goldboro project in a disciplined manner by focusing on key value-add initiatives including the advancement of key project permits, including the Industrial Approval and Fisheries Act authorization. We remain excited about the Goldboro project and the gold camp potential of the Goldboro gold district," said Kevin Bullock, president and chief executive officer, Signal Gold.

About Signal Gold Inc.

Signal Gold is advancing the Goldboro gold project in Nova Scotia, a significant growth project subject to a positive feasibility study which demonstrates an approximately 11-year open pit life of mine (LOM) with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold.

We seek Safe Harbor.